Jump Financial LLC Sells 65,279 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Jump Financial LLC reduced its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 93.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,684 shares of the company’s stock after selling 65,279 shares during the period. Jump Financial LLC’s holdings in Royal Caribbean Cruises were worth $607,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in Royal Caribbean Cruises by 120.9% during the fourth quarter. Nordea Investment Management AB now owns 194,018 shares of the company’s stock worth $25,149,000 after buying an additional 106,203 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Royal Caribbean Cruises by 1,672.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 18,845 shares of the company’s stock worth $2,440,000 after purchasing an additional 17,782 shares during the period. Retireful LLC purchased a new position in Royal Caribbean Cruises in the fourth quarter valued at approximately $1,977,000. Redhawk Wealth Advisors Inc. bought a new position in Royal Caribbean Cruises during the fourth quarter valued at $1,120,000. Finally, Yousif Capital Management LLC increased its position in Royal Caribbean Cruises by 38.0% in the fourth quarter. Yousif Capital Management LLC now owns 45,135 shares of the company’s stock worth $5,845,000 after buying an additional 12,429 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Mizuho upped their price target on Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Susquehanna lifted their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research note on Friday, April 26th. Bank of America boosted their price target on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Finally, UBS Group boosted their target price on shares of Royal Caribbean Cruises from $154.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.38.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the transaction, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the transaction, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Henry L. Pujol sold 9,944 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the sale, the chief accounting officer now owns 16,687 shares of the company’s stock, valued at $2,356,705.01. The disclosure for this sale can be found here. Insiders sold a total of 84,145 shares of company stock valued at $11,779,113 over the last quarter. 7.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Trading Up 2.1 %

Shares of Royal Caribbean Cruises stock opened at $150.75 on Wednesday. The company has a 50 day simple moving average of $136.60 and a two-hundred day simple moving average of $124.70. The firm has a market cap of $38.80 billion, a PE ratio of 19.43, a PEG ratio of 0.45 and a beta of 2.49. Royal Caribbean Cruises Ltd. has a 1 year low of $76.31 and a 1 year high of $150.90. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. The firm’s revenue was up 29.2% on a year-over-year basis. Analysts expect that Royal Caribbean Cruises Ltd. will post 11.09 earnings per share for the current fiscal year.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.